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According to the MarkNtel Advisors’ research report titled “India Diesel Generator Market Analysis, 2020”, the Diesel Generator market is anticipated to register a CAGR of around 6% during 2020-25. The Indian government is focusing on further developing the manufacturing sector of the country, which is projected to boost the demand for diesel generators as they are actively utilized in the manufacturing facilities. Under the Make in India mission, the government aims to invite companies from across the globe to invest in India’s manufacturing sector, thereby positively impacting the establishment of more manufacturing and production facilities in the country.
In 2019, diesel generators with 5 KVA to 75 KVA capacity captured a considerable volume share in the India Diesel Generator market. Some of the major factors for an increased utilization of 5 KVA to 75 KVA capacity diesel generators are their easy availability and low cost. Moreover, the establishment of new buildings in the commercial and residential sector is strongly contributing to the requirement for diesel generators which are used for power backup.
The key players capturing a substantial market share in the India Diesel Generator market include Cummins India Ltd., Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., Caterpillar Inc., Greave Cotton Limited, etc.
According to MarkNtel Advisors, the companies are launching new products to gain a competitive edge in the market. In 2018, Perkins, a subsidiary of Caterpillar Inc., announced the launch of its six-cylinder, 23-liter 4006 electronic engine. The generator is electronically controlled, compatible with Perkins EST diagnostic tool, and generates 750 kVA of prime power.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on India Diesel Generator Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold.
Q. What would be the growth rate or CAGR of India Diesel Generator Market during 2020-25?
A. The growth rate of India Diesel Generator Market during 2020-25 is forecast to be around 6%.
Q. Who are the key competitors or players operating in India Diesel Generator Market?
A Cummins India Ltd., Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., Caterpillar Inc., Greave Cotton Limited are few of the leading players in the India Diesel Generator Market.
Q. Does the report scope cover India Diesel Generator Market Power rating wise market statistics also?
A. Yes, the scope of the report encompass detailed power rating wise statistics such as market size, market segmentation based on various subcategories.
Q. Which capacity of generator would emerge as an opportunity area for players in India Diesel Generator Market?
A. The diesel generators with capacities ranging from 5 KVA to 75 KVA grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of India Diesel Generator Market.
Q. Which end-user would emerge as an opportunity area for players in India Diesel Generator Market?
A. The Commercial/Industrial sector will grabbed a significant market share due to the growing support by the government to boost the industrial sector and it will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of India Diesel Generator Market.
